CDs normally offer a higher interest rate than liquid savings accounts and they provide a guaranteed rate for a specific term. Individuals who want high rates with a guaranteed return and do not need regular access to their money should consider a Fixed Rate CD. Or, if you prefer the flexibility of adding to your CD or making a withdrawal, check out our Easy Access CD.
How do I get the interest earned on my account?
You have two options:
What happens when my CD matures?
You have ten calendar days to choose one of these options:
FDIC (Federal Deposit Insurance Corporation)
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government. The FDIC protects you against the loss of your deposits if an FDIC-insured financial institution fails. FDIC insurance is backed by the full faith and credit of the United States. Katahdin Trust Company is a member of the FDIC. For additional information, please refer to the FDIC website.